Peter Brieger
Nortel AS
NTEL-T
DON'T BUY
Aug 17, 2005
Shareholders lawsuits is a concern. Move into Korea is very constructive, but still has questions about the profitability of the venture, the market they want to go after and the speed in which they will attain it.
If you own the stock, you are playing that there is some value in the assets they own. The company is not a going concern. Have a huge deficit hole in their pension plan. Individual parts of the company may be better being sold off.